5 bed, 3 bath, 3,641 sqft on 3.97 acres in Spicewood. Spicewood, TX 78669. $1,875,000. Lake Travis ISD.
About This Home
Nearly 4 private acres on the Pedernales River arm of Lake Travis, inside the gated equestrian community of Paleface Ranch in Spicewood, TX. Panoramic lake views greet you from multiple vantage points across this elevated, tree-lined property, and the community boat ramp puts open water within minutes for boating, jet skiing, and paddleboarding. Wildlife, mature trees, and Hill Country air define daily life here. This is waterfront acreage living at its most complete.
The 3,641 sq ft two-story home, has been comprehensively updated throughout with upgraded flooring, cabinetry, appliances, electrical, light fixtures, ceiling fans, and washer, dryer, and refrigerator. Every room reflects a current, finished condition with large windows and sliding doors that pull those lake and Hill Country views directly inside.
The open-concept main level connects the living area, dining, and kitchen without interruption. The kitchen features a large island with an integrated sink, stainless appliances, and granite counters. A dedicated home office with vaulted ceilings and hardwood floors sits apart from the main living areas. The primary suite includes a freestanding soaking tub, dual vanities, and a walk-in shower. A half bath with vessel sink and granite counters serves the main level. Five bedrooms and 3.5 baths total across two levels with two separate living areas.
Outside, two covered patios, including one with a wood-paneled ceiling, anchor the outdoor living areas. A stone patio, tiered deck, hot tub, and fire pit complete the exterior for year-round entertaining. A large metal-sided barn and storage facility adds working ranch utility. The long driveway winds through mature trees to a grand wooden entry archway.
Paleface Ranch is served by Lake Travis ISD, approximately 15 minutes to Hill Country Galleria, and under an hour to downtown Austin via Highway 71. Harbors a diverse range of wildlife
- Property Type
- Residential
- Year Built
- 2017
- Lot Size
- 3.97 acres
- Price / Sq Ft
- $515
- HOA
- $800/year
- Garage
- 2 spaces
Listing information last updated October 5, 2026.
Listed by Keller Williams - Lake Travis
MLS# 5766238 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Built-in Features
- Ceiling Fan(s)
- Beamed Ceilings
- Ceiling-High
- Ceiling-Vaulted
- Granite Counters
- Crown Molding
- Double Vanity
- In-Law Floorplan
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Wired for Sound
- Built-In Oven(s)
- Cooktop
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Oven
- Double Oven
- RNGHD
- Refrigerator
- Self Cleaning Oven
- Stainless Steel Appliance(s)
- Water Softener Owned
- Carpet
- Tile
- Wood
- Heating
- Central,Fireplace(s)
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Boat Ramp
- Private Yard
- RV Hookup
- Frame
- Masonry – Partial
- Board & Batten Siding
- Stone
- Stone Veneer
- Cul-De-Sac
- Native Plants
- Near Golf Course
- Sprinkler - Automatic
- Trees-Large (Over 40 Ft)
- Trees-Medium (20 Ft - 40 Ft)
- Trees-Small (Under 20 Ft)
- Views
- Back Yard
- Fenced
- Livestock
- Wire
- Wood
- Slab
- Covered
- Deck
- Patio
- Porch
- Roof
- Metal
- Lot Size
- 3.97 Acres
- Attached
- Boat
- Circular Driveway
- Driveway
- Garage
- Garage Door Opener
- Garage Faces Side
- Gravel
- RV Carport
- Storage
- Garage Spaces
- 2
- River Front
- Waterfront
Financial
- HOA Fee
- $800 / year
- Original List Price
- $1,980,000
- Price per Sq Ft
- $515
Utilities
- Electricity Available
- Propane
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
4 records on file
Every recorded listing, sale, and lease at 2203 Improver RD, whoever represented it.
- ActiveListed 2026Current price: $1,875,000Original list: $1,980,000MLS 5766238
- Listed · July 1, 2026$1,980,000
- Price changed · August 4, 2026$1,975,000
- Price changed · October 5, 2026$1,875,000
- SoldMarch 16, 2006Listed at: $340,000MLS 745340
- ExpiredListed date not recordedCurrent price: $250,000Original list: $250,000MLS 5812427
- WithdrawnListed date not recordedCurrent price: $245,000Original list: $245,000MLS 5420244
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,875,000
- Original list
- $1,980,000
- Price movement
- $105K reduction
- Listed / DOM
- Jul 1, 2026 · 113 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,010,699
- Assessment Year
- 2025
- Year Built
- 2016
- Parcel ID
- 000000374124
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+2.1% | — | $2,010,699 | — | — |
2024+26.3% | — | $1,968,610 | $615,250 | $897,680 |
2023+57.7% | — | $1,559,220 | $192,600 | $1,776,010 |
2022 | — | $988,869 | $192,600 | $1,366,620 |
Virtual Tour

Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
West Cypress Hills
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($375K)
Adjustable assumption - not a lending recommendation.
$1,875,000
Luxury property intelligence
Keenan Market Position
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$1,875,000
Price per sqft
$515/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
113 days
Original to current
$105K reduction
$2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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